$SUI

🔍 Technical Analysis Overview (2h Chart)

1. Price Action:

• Current price: $3.6487

• Recent low: $3.4274

• Recent rebound from that low with higher lows and higher highs forming.

2. Moving Averages:

• MA(7) = $3.5925 (yellow line)

• MA(25) = $3.5944 (purple line)

• MA(99) = $3.7762 (pink line)

Short-term MAs (7 & 25) are crossing and curving upward, signaling a potential bullish reversal.

The price is still below MA(99), indicating we are not in a full trend reversal yet.

3. Volume:

• Volume shows slightly increased activity during the recent uptrend, which supports the price action.

4. Market Sentiment (Order Book):

• Bid vs Ask: 51.63% buyers vs 48.37% sellers

• The order book shows more buy orders near market price, indicating bullish pressure.

5. Trend Support:

• The recovery from $3.42 seems supported.

• Immediate resistance: around $3.70–3.75

• Immediate support: $3.58–3.60

⸻

✅ Next Best Step:

🔹 If You’re Already Holding:

• Hold your position for now.

• Consider setting a take-profit target around $3.75–3.78, just below the MA(99).

• Stop-loss: Below $3.58 (to avoid breakdown risk).

🔹 If You’re Planning to Enter:

• Buy Entry Option 1: Enter now ($3.64) with a tight stop-loss ($3.58).

• Buy Entry Option 2 (Safer): Wait for a confirmed breakout above $3.70 with good volume.

• Target: $3.78–$3.85

• Stop-loss: $3.59 or below last higher low ($3.56).

⸻

⚠️ Risk Considerations:

• This is a short-term trend; long-term trend still needs confirmation (price below MA99).

• Watch out for resistance near $3.75 and low liquidity wicks.

• Set alerts for a price drop below $3.58 or a move above $3.70.